TIM (NYSE:TIMB) Given New $14.00 Price Target at The Goldman Sachs Group

TIM (NYSE:TIMB) had its target price lowered by The Goldman Sachs Group from $16.20 to $14.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 14.47% from the stock’s previous close.

Several other brokerages also recently commented on TIMB. Scotiabank reduced their price target on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research report on Tuesday, November 5th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, Barclays dropped their price target on TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th.

TIM Stock Performance

Shares of NYSE TIMB opened at $12.23 on Thursday. The stock’s fifty day simple moving average is $13.92 and its 200 day simple moving average is $15.05. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.57 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. TIM has a 52-week low of $11.76 and a 52-week high of $19.14.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The company had revenue of $1.16 billion for the quarter. As a group, sell-side analysts forecast that TIM will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of TIM

A number of institutional investors have recently bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of TIM by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock worth $1,465,000 after purchasing an additional 822 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in TIM by 108.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after buying an additional 835 shares during the last quarter. QRG Capital Management Inc. raised its position in TIM by 7.9% during the third quarter. QRG Capital Management Inc. now owns 14,881 shares of the company’s stock valued at $256,000 after acquiring an additional 1,085 shares in the last quarter. CWM LLC lifted its stake in TIM by 105.7% in the second quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after acquiring an additional 1,270 shares during the last quarter. Finally, DGS Capital Management LLC grew its position in TIM by 4.4% in the third quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock worth $563,000 after acquiring an additional 1,367 shares in the last quarter.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.